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Nov 14, 2012
11/12
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with us now is jeff applegate. jeff, why do you think that congress is going to be able to come through with a deal on this fiscal cliff? >> the political calculus, susie, is very simple. at the end of the day, the physicafis -- fiscal cliff threatens to dip the economy back into a depression. so we think that's what will drive a deal. >> susie: the fiscal cliff is in headlines every single day. it probably will continue like this for the next six weeks. how is all of that anxiety going to play out in the markets? >> you've already seen it play out since the election. global equities, actually, were down more than 2%. we didn't have a great day again today. so getting a positive resolution on the fiscal cliff is going to be important for the markets, but it is going to be volatile, and it will not be sorted out soon. so i think you should count on near-term possibly increased volatility in equity markets. >> susie: but you still think that the markets will be up for the year for 2012? >> we do. and that's the view
with us now is jeff applegate. jeff, why do you think that congress is going to be able to come through with a deal on this fiscal cliff? >> the political calculus, susie, is very simple. at the end of the day, the physicafis -- fiscal cliff threatens to dip the economy back into a depression. so we think that's what will drive a deal. >> susie: the fiscal cliff is in headlines every single day. it probably will continue like this for the next six weeks. how is all of that anxiety...
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Nov 2, 2012
11/12
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he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there i
he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013...
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Nov 8, 2012
11/12
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we have this so-called fiscal cliff emergency that is before us. if that fails to be resolved, you'll see a level of contraction in all hands on deck activities. it will be very disturbing. >> suzanne: if there is no deal on this fiscal cliff, what does that mean for your business? >> i think it will be very, very damaging to a consumer discretionary business, and others similar to it. because you'll see an immediate reduction in economic activity, of the sort we have not run into since the arab oil embargo, where all of a sudden, on a precise moment, economic activity will slow very substantially. you can see a period where it begins to slow even in anticipation of that. i think for a business like ours, that people don't have to do, they're doing it out of discretionary monies, it will be very damaging. >> suzanne: congress is saying if there is no fiscal cliff, it could push the economy into a recession. how are you preparing for that? would that mean layoffs at caesar's? >> it will mean reduction in hours for our employees. we reduced in 2008,
we have this so-called fiscal cliff emergency that is before us. if that fails to be resolved, you'll see a level of contraction in all hands on deck activities. it will be very disturbing. >> suzanne: if there is no deal on this fiscal cliff, what does that mean for your business? >> i think it will be very, very damaging to a consumer discretionary business, and others similar to it. because you'll see an immediate reduction in economic activity, of the sort we have not run into...
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Nov 7, 2012
11/12
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darren gersh joins us from virginia. darren. >> reporter: susie, we're here in woodbridge, virginia, which is considered a swing area in a key swing state. and it's a state that also surprised the candidates this election. after the voting here is over, you'll be hearing a lot more about the fiscal cliff, those automatic spending cuts and tax increases scheduled to take effect on january 1. you'd think the fiscal cliff would be a huge issue here. virginia depends heavily on defense spending and is facing massive cuts if congress doesn't act. but sequestration, the official word for the fiscal cliff cuts, hasn't been a campaign issue. >> they tried to play sequestration and blame it on each other, and i don't think it had any traction whatsoever. most people don't know what it is and they blame both parties for it. >> reporter: voters here are more concerned about everyday economics. >> mainly, i want change in the economy, like better prices on gas and food. i want to make sure my job is secure. >> i'm looking at my gran
darren gersh joins us from virginia. darren. >> reporter: susie, we're here in woodbridge, virginia, which is considered a swing area in a key swing state. and it's a state that also surprised the candidates this election. after the voting here is over, you'll be hearing a lot more about the fiscal cliff, those automatic spending cuts and tax increases scheduled to take effect on january 1. you'd think the fiscal cliff would be a huge issue here. virginia depends heavily on defense...
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Nov 17, 2012
11/12
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you're making the rest of us look bad!" victor hugo said, initiative is doing the right thing without being told. are you ready? i'm lou heckler. >> susie: it's going to be a big that's "nightly business report" for friday, november 16. good night, tom and everyone. >> tom: goodnight, susie. we'll see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt. 30 cure the state's budget problems? and will the growing economy take the state out of danger?
you're making the rest of us look bad!" victor hugo said, initiative is doing the right thing without being told. are you ready? i'm lou heckler. >> susie: it's going to be a big that's "nightly business report" for friday, november 16. good night, tom and everyone. >> tom: goodnight, susie. we'll see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at...
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Nov 10, 2012
11/12
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isn't that why most of us get paid? a friend of mine asked recently, why is it that so many people just seems to want to argue rather than find an actual solution? good question! i think there might be at least three reasons. inertia: awful lot of people, even though they may argue this, like things just the way they are, even if things are broken. uncertainty: maybe they've been burned a few times or maybe they just hate not knowing the absolute right answer. maybe they have had bosses in the past who have not been very forgiving when mistakes were made. laziness: i feel bad even including this one, but i am quite sure that some people quit the job long before they quit the organization. mid-level managers i talk with today say that problem-solving skills need to be taught early and often. i wouldn't presume that new hires bring that skill with them. i'm lou heckler. >> tom: that's "nightly business report" for friday, november 9. good night, everyone. we'll see you online at nbr.com and back here monday night. caption
isn't that why most of us get paid? a friend of mine asked recently, why is it that so many people just seems to want to argue rather than find an actual solution? good question! i think there might be at least three reasons. inertia: awful lot of people, even though they may argue this, like things just the way they are, even if things are broken. uncertainty: maybe they've been burned a few times or maybe they just hate not knowing the absolute right answer. maybe they have had bosses in the...
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Nov 15, 2012
11/12
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james awad joins us now. he's investment strategist at zephyr management. >> so, jim, what do you think investors need to hear from the president that they feel confident about investing in the markets? >> right now, there is nothing he is willing to do that would make investors comfortable. you'll notice today that the market sold off during and after his press conference because he was very aggressive in his position. and whether that's a negotiating point or not, i think what the markets fear is that we could either accidentally go over the cliff, or that all this hard posturing will set in stage a series of contractionery economic activities on the parts of businesses, in terms of not hiring, and maybe firing, and businesses shrinking rather than expanding, which will eventually find its way into consumer attitudes. so i think the market is afraid that this gun battle, or dual or chess game will lead to an accidental recession. >> susie: all right. let me follow up on that. a lot of the traders i've been
james awad joins us now. he's investment strategist at zephyr management. >> so, jim, what do you think investors need to hear from the president that they feel confident about investing in the markets? >> right now, there is nothing he is willing to do that would make investors comfortable. you'll notice today that the market sold off during and after his press conference because he was very aggressive in his position. and whether that's a negotiating point or not, i think what the...
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Nov 21, 2012
11/12
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joins us from chicago. we'll talk about the business at h.p., bu at hand, what do the accounting claims say about h.p.'s own due diligence in the buy outa year ago. >> ith i think it is important to separate out the goodwill impairment. it is a non-cast charge. i think most investors were aware that h.p. overpaid for autonomy. so it doesn't affect our forecast for h.p. what it does highlight, though, is that there are potentially further corporate governance issues, and management control issues. but, more importantly, this is going to be -- this litigation will be an ongoing stracts for senior management, at a time when many of their existing businesses are facing competition. >> tom: it overpaid, having trouble integrating it, and the fiscal fourth quarter results, this is what they looked like. h.p. earned $1.16 a share, minus all of the charges, two cents better than expected. what kind of shape is h.p.'s business in? >> i think everybody recognizes and everybody rec nice to meet you, recognizes that th
joins us from chicago. we'll talk about the business at h.p., bu at hand, what do the accounting claims say about h.p.'s own due diligence in the buy outa year ago. >> ith i think it is important to separate out the goodwill impairment. it is a non-cast charge. i think most investors were aware that h.p. overpaid for autonomy. so it doesn't affect our forecast for h.p. what it does highlight, though, is that there are potentially further corporate governance issues, and management control...
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Nov 29, 2012
11/12
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susan, tha thanks for joining us. an inheritance or a lottery -- how do you make that decision between taking a lump sum or stretching out the payments. >> you take a lot of time before you get to that decision. it is certainly not your first decision. your first thing to do is change management. we do a triage to see what is most important, and we deal with urgent things first, that are really going to affect well-being. usually the lump sum versus payment is something that you can put off for at least a month or two. >> tom: are we culturally bias to take the money and run now, compared to wait a generation to collect? >> you know, i think that used to be the very strong bias until about 2008. and then there was a sense that the investment markets were not so safe. so some people tend to go more towards the payments. neither one is good or bad. they both have their complecomplexities. >> tom: one of the risks of the payments is you could outlive the payments, or you may die before you're able to collect all those pa
susan, tha thanks for joining us. an inheritance or a lottery -- how do you make that decision between taking a lump sum or stretching out the payments. >> you take a lot of time before you get to that decision. it is certainly not your first decision. your first thing to do is change management. we do a triage to see what is most important, and we deal with urgent things first, that are really going to affect well-being. usually the lump sum versus payment is something that you can put...
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Nov 8, 2012
11/12
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he joins us from our washington d.c. bureau. what do you make of today's stock sell-off? election related? >> so, stew, is what we saw today in the stock market, with the selloff, the reaction to status quo. >> no. i think that is an overstatement. i think it is more of a reaction to what happened in europe, where the e.u. central banker said that germany was not looking so hot. >> so instead of reacting to the election, it was europe in your analysis. let's talk about the economy here, though, with the fiscal clip. youjohn boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push u arou anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is th
he joins us from our washington d.c. bureau. what do you make of today's stock sell-off? election related? >> so, stew, is what we saw today in the stock market, with the selloff, the reaction to status quo. >> no. i think that is an overstatement. i think it is more of a reaction to what happened in europe, where the e.u. central banker said that germany was not looking so hot. >> so instead of reacting to the election, it was europe in your analysis. let's talk about the...